Hercules Capital, Inc. (NYSE:HTGC) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,413 shares of the financial services provider’s stock after buying an additional 2,198 shares during the period. Captrust Financial Advisors’ holdings in Hercules Capital were worth $470,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Brookstone Capital Management lifted its position in Hercules Capital by 90.4% in the fourth quarter. Brookstone Capital Management now owns 20,229 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 9,604 shares during the period. Avior Wealth Management LLC lifted its position in Hercules Capital by 177.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,152 shares during the period. Cornerstone Wealth Management LLC lifted its position in Hercules Capital by 7.9% in the fourth quarter. Cornerstone Wealth Management LLC now owns 21,441 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 1,568 shares during the period. Sound Income Strategies LLC lifted its position in Hercules Capital by 2.8% in the fourth quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock valued at $56,558,000 after purchasing an additional 77,869 shares during the period. Finally, Accel Wealth Management lifted its position in Hercules Capital by 7.3% in the fourth quarter. Accel Wealth Management now owns 17,003 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 1,154 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Trading Up 1.2%

Shares of HTGC opened at $17.80 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. The firm has a 50 day simple moving average of $17.96 and a 200-day simple moving average of $19.26. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 11.06 and a beta of 0.97.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business had revenue of $102.10 million for the quarter, compared to analysts’ expectations of $125.43 million. During the same period last year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.99%. Hercules Capital’s dividend payout ratio (DPR) is presently 120.30%.

Insider Buying and Selling at Hercules Capital

In other news, Director Nikos Theodosopoulos purchased 5,999 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average price of $17.49 per share, with a total value of $104,922.51. Following the purchase, the director now directly owns 11,960 shares of the company’s stock, valued at approximately $209,180.40. This represents a 100.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HTGC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Hercules Capital from $21.50 to $20.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Compass Point increased their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. UBS Group dropped their target price on shares of Hercules Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Piper Sandler dropped their target price on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.92.

Hercules Capital Profile

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.